The average analyst price target of $7 implies upside potential of approximately 83% to current levels. Meanwhile, there could be more M7A-related news nearer term, and we remain big fans of this one, as we have through thick and thin.”Ĭonsensus on the Street is a Strong Buy backed by 3 Buys. Wainwright analyst Kevin Dede issued a Buy rating on LIVX with $6 share price target, implying a 47% upside potential to current levels.ĭede commented, “Sales were up almost 2x from last year, propped up mostly by the acquisition of PodcastOne that closed July 1 last year. 12, following the release of the company’s third quarter results, H. The company increased the revenue guidance for the fiscal year ending March 31, 2022, to between $100 million and $110 million.
( See LiveXLive Media stock analysis on TipRanks)įor FY2021, LiveXLive ended with over 1.08 million paid subscribers having streamed over 140 live music events generating over 150 million live stream views. Shares of LiveXLive are up 24% since the start of the year after a 112% gain in 2020.
“Listening to your favorite hosts and shows shouldn’t be more than a one-tap process, and our agreement with Samsung brings fluid accessibility to podcast fans in a new way,” said Kit Gray, President of PodcastOne. It is also banking on partnerships to reach out to approximately 8 million Americans who are weekly podcast listeners. PodcastOne continues to develop and acquire content capable of generating excitement and intrigue in the audio space. According to PodcastOne’s president Kit Gray, a deal with Samsung will enhance podcast accessibility to fans currently using Samsung devices. The agreement with Samsung is part of LiveXLive’s ( LIVX) push to make its subsidiary’s content easily accessible in the fast-growing podcasting genre. Among the shows that will be made available on Samsung Free include the Adam Carolla Show, Off the Vine with Kaitlyn Bristowe, and Bolling with Favre. LiveXLive Media has reached an agreement to have all PodcastOne content distributed via the Listen tab with Samsung Free.
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